SOURCE: Adaptive Planning

Adaptive Planning

October 10, 2011 08:00 ET

Metro Health Adopts Adaptive Planning for Corporate Performance Management

Leading Hospital Automates Planning and Reporting Across More Than 80 Revenue and Cost Centers

MOUNTAIN VIEW, CA--(Marketwire - Oct 10, 2011) - Adaptive Planning, the worldwide leader in on-demand corporate performance management (CPM) solutions for companies and nonprofits of all sizes, today announced that Metro Health Hospital, a 208-bed acute-care osteopathic teaching hospital in Grand Rapids, Michigan, has successfully implemented Adaptive Planning for budgeting, forecasting and reporting.

The finance team at Metro Health relied on Excel spreadsheets to manage a complex budget with more than 80 revenue and cost centers. Consolidating these spreadsheets into a final plan was time consuming and difficult, and data analysis was challenging.

Metro Health wanted to move to a modern, web-based solution for collaborative planning and reporting. Adaptive Planning stood out among the potential alternatives due to its ease of use and robust functionality, as well as the fact that no hardware or IT support was required to maintain the solution.

"One of the most important requirements for selecting a new solution was the ability for the finance team to administer the application without IT support," said Kris Kurtz, Controller, Metro Health. "Our IT team has many initiatives on their plate to keep our hospital and outpatient clinics operating successfully, leaving little bandwidth for internal projects. Adaptive Planning made the most sense, because we could manage it within the finance team, while still allowing managers across the organization to access the application at any time."

Since rolling out Adaptive Planning to more than 80 health system leaders, Metro Health can now more accurately manage the budget for its more than 2000 employees across its main hospital campus and numerous primary and specialty care locations.

"Managing a $300 million annual revenue plan for a major hospital and primary and specialty care locations is so much easier now that we have automated our planning, budgeting and reporting with Adaptive Planning," said Kurtz. "I highly recommend that other organizations modernize their toolset and move off of spreadsheets and onto Adaptive Planning."

"We are pleased that by enabling Metro Health to automate their planning and reporting processes, we have helped them put in place a foundation for financial management that allows them to more efficiently and effectively operate a leading teaching hospital that serves more than 200,000 people in the Western Michigan community," said Greg Schneider, Vice President, Marketing, Adaptive Planning.

About Metro Health
Metro Health Hospital is a 208-bed general acute-care osteopathic teaching hospital that serves more than 200,000 patients in Kent and surrounding counties. Metro Health offers a broad range of services, including inpatient and outpatient services, emergency, surgery, intensive care, rehabilitation, wellness and community education. Metro's work is supported by the Metro Health Hospital Foundation, which is a charitable organization dedicated to improving the health and well-being of the West Michigan community through philanthropy.

About Adaptive Planning
Adaptive Planning is the worldwide leader in on-demand corporate performance management (CPM) solutions for companies and nonprofits of all sizes. Adaptive Planning's solutions allow finance and management teams to obtain real-time visibility into performance metrics, streamline financial planning and reporting, and drive better business decisions. By offering affordable annual subscriptions and rapid implementations, and by eliminating the need for new hardware and IT support, Adaptive Planning makes it easy to move beyond spreadsheet-based processes without the cost and complexity associated with traditional on-premise CPM applications. Adaptive Planning is headquartered in Mountain View, Calif. and can be reached at 650-528-7500 or www.adaptiveplanning.com.

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